2 Top EV Stocks to Buy in February
Electric vehicle (EV) sales struggled in 2024, but not in the way you'd think. Tesla, for instance, experienced a 1% annual sales decline in 2024, its first in over a decade. This growth rate fell below the company's expectations. In fact, industry growth as a whole fell below analyst expectations. But don't let these poor figures fool you. In 2024, EV sales in the U.S. still grew by 7.3%, with 1.3 million EVs sold -- a new record. And globally, around 20% of all vehicles sales were EVs last year. According to most experts, more growth is on the way for years, if not decades, to come.If you want to ride this growth opportunity, here are two stocks you should get to know. Continue reading
Electric vehicle (EV) sales struggled in 2024, but not in the way you'd think. Tesla, for instance, experienced a 1% annual sales decline in 2024, its first in over a decade. This growth rate fell below the company's expectations. In fact, industry growth as a whole fell below analyst expectations.
But don't let these poor figures fool you. In 2024, EV sales in the U.S. still grew by 7.3%, with 1.3 million EVs sold -- a new record. And globally, around 20% of all vehicles sales were EVs last year. According to most experts, more growth is on the way for years, if not decades, to come.
If you want to ride this growth opportunity, here are two stocks you should get to know.
